Kim Tae-nyeon "Time to Protect Jobs... 3rd Supplementary Budget Must Be Reviewed Quickly"

Kim Tae-nyeon, floor leader of the Democratic Party of Korea, is attending the policy coordination meeting held at the National Assembly on the 14th and delivering a speech. Photo by Yoon Dong-joo doso7@

[Asia Economy Reporter Wondara] Kim Tae-nyeon, floor leader of the Democratic Party of Korea, announced that he will accelerate the formulation of the 3rd supplementary budget to mitigate the employment shock caused by the novel coronavirus infection (COVID-19).

At the policy coordination meeting held at the National Assembly on the morning of the 14th, Floor Leader Kim said, "We must not miss the timing to protect jobs," and added, "The 21st National Assembly must be organized quickly, and the 3rd supplementary budget bill must be reviewed."

He continued, "Regarding the government’s supplementary budget formulation, although the assembly has not yet been organized, we will appoint and announce the budget and accounts committee secretaries for prompt discussion," and added, "We will immediately start supplementary budget formulation activities together with the Policy Committee."

He also stated that data-related legislation will be promoted within the 20th National Assembly. He said, "The Korean New Deal starts with building data infrastructure," and added, "Although the 'Data 3 Act' was passed with difficulty earlier this year, there are still data-related laws remaining."

He emphasized, "The Data-Based Administrative Activation Act, which aims to promote the use of big data analysis techniques across government policies, is pending in the Public Administration and Security Committee," and added, "It must be finalized within the 20th National Assembly."

Floor Leader Kim said, "The Democratic Party has announced a special law for innovative growth and competitiveness enhancement of manufacturing as an election pledge," and added, "We will promote innovation and competitiveness in manufacturing by integrating data, networks, and artificial intelligence digital technologies into manufacturing."

He continued, "The Korean New Deal also includes the Green New Deal," and said, "As soon as the 21st National Assembly begins, we will immediately push forward the Green New Deal Basic Act. We will prepare a sustainable new growth engine through the creation of green jobs."

This content was produced with the assistance of AI translation services.